ATS (NYSE:ATS) Upgraded at Zacks Research

ATS (NYSE:ATS) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of ATS from $33.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Weiss Ratings reissued a “sell (d)” rating on shares of ATS in a research note on Wednesday, January 21st. Scotiabank reissued an “outperform” rating on shares of ATS in a research report on Thursday, January 29th. Wall Street Zen upgraded shares of ATS from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, TD Securities reaffirmed a “buy” rating on shares of ATS in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ATS presently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

ATS Trading Up 4.5%

ATS stock opened at $31.29 on Monday. The business has a 50 day moving average price of $28.53 and a two-hundred day moving average price of $27.67. The company has a quick ratio of 1.37, a current ratio of 1.65 and a debt-to-equity ratio of 0.82. ATS has a 12 month low of $20.90 and a 12 month high of $32.73. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 208.61 and a beta of 1.21.

ATS (NYSE:ATS) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $553.81 million for the quarter, compared to analysts’ expectations of $722.96 million. ATS had a return on equity of 9.67% and a net margin of 0.77%.ATS’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share. As a group, equities analysts forecast that ATS will post 1.02 EPS for the current year.

Institutional Trading of ATS

Several large investors have recently added to or reduced their stakes in ATS. Quarry LP acquired a new stake in shares of ATS during the third quarter worth approximately $32,000. Raymond James Financial Inc. bought a new stake in ATS during the 2nd quarter worth approximately $43,000. State of Wyoming acquired a new stake in ATS during the 3rd quarter valued at $112,000. Vanguard Personalized Indexing Management LLC bought a new position in ATS in the 2nd quarter valued at $233,000. Finally, SkyView Investment Advisors LLC acquired a new position in ATS in the second quarter worth $237,000. 75.84% of the stock is owned by institutional investors.

About ATS

ATS Corporation (NYSE: ATS) is a Canada-based global provider of automation and energy solutions. Headquartered in Cambridge, Ontario, the company specializes in the design, engineering and manufacturing of custom automation and test systems, as well as fluid handling and control products. Since its founding in 1978, ATS has focused on delivering integrated hardware and software solutions that help original equipment manufacturers (OEMs) improve efficiency, quality and throughput across a range of industries.

Through its Automation segment, ATS develops bespoke assembly and testing platforms for sectors such as life sciences, consumer electronics, automotive and industrial equipment.